The World Eye Care Supplements Industry is Estimated to Reach at a CAGR over 10.8% – Forecast to 2023

Market Research Future has a half cooked research report on the global eye care supplements market. The global eye care supplements market is growing continuously and expected to grow at a CAGR of 10.8% from 2017 to 2023.

Eye Care Supplements are used for a number of eye diseases such as cataract, muscular degeneration and diabetic retinopathy. They include antioxidants, anti-inflammatory supplements, fatty acids and other vitamins improving eye health.

Rising prevalence of vision impartment, diabetic retinopathy in geriatric population and diabetes across the globe. Furthermore, rise in the demand for eye supplements especially the antioxidants will accelerate the market growth. High cost of these supplements restrains the market growth in developing countries.

The global eye care supplements market is expected to grow at a CAGR of 10.8% during the forecast period.

The Americas are the largest market for eye care supplements which is driven by an increasing prevalence of vision impairment among adults in the U.S.

Europe is the second largest market. The market growth in the Europe is driven by the extensive use of eye care products and supplements and availability of cost effective treatment.

The UK is the largest market for in Europe owing to increasing prevalence of diabetes, better awareness, and reimbursement policies for diabetes management and eye care.

In Asia Pacific is expected to be the largest market for eye care supplements owing to an increase in the prevalence of diabetes and other lifestyle diseases. Availability of high quality and affordable treatment options further boost the market growth. China and India are expected to web the fastest growing market in Asia Pacific.

Middle East & Africa show steady growth in the market.

Segmentation

The global eye care supplements market is segmented on the basis of type of type, indication, and end user.

On the basis of type, market is segmented into antioxidants, fatty acids, anti-inflammatory supplements, neuro-protective supplements and others. Antioxidant segment is further segmented into water -soluble antioxidants including lutein, zeaxanthin, astaxanthin, and fat-soluble antioxidants including astaxanthin. Fatty acids segment is further segmented into omega-6 gamma-linolenic acid. Anti-inflammatory supplements segment is further segmented into docosahexaenoic acid (DHA). Neuro-protective segment is further segmented into eicosapentaenoic acid (EPA).

On the basis of application, the market is segmented into eye health, macular degeneration, cataract, Diabetic retinopathy, glaucoma, and others.

On the basis of end user, the market is segmented into eye hospitals, eye clinics, and others.

Eye care supplements are products containing vitamins and other nutrients that are useful for maintaining eye health and good vision. They improve eye health and can be used for the treatment of a number of related diseases such as cataracts, diabetic retinopathy, and glaucoma. Many people face the problem of poor vision. The primary method of improving the vision is use of dietary products extracted from both natural and synthetic sources such as plants. Antioxidants, omega fatty acids are the most widely used eye care supplements across the globe.

The market for eye care supplements is expected to growth at an exponential rate owing to an increasing prevalence of eye diseases and chronic diseases such as diabetes, which are risk factors for eye disease. Furthermore, demand for eye care solutions is increasing across the globe. Therefore, majority of the market players have great opportunities in this market by using strategic approaches such as geographical expansion.

High cost of eye care supplements may restrain the market growth in developing countries.

According to the World Health Organization (WHO), 285 million people are estimated to be visually impaired worldwide.

The global eye care supplements market is expected to grow at a CAGR of 10.8% during the forecast period.

America is the largest market for eye care supplements owing to an increasing demand for eye care supplements and rising prevalence of vision impairment and problems among people in the US. According to the Center of Disease Control and Prevention, nearly 14 million Americans aged 12 years and older have some form of visual impairment.

Europe is the second largest market for eye care supplements which will steady growth in the near future du rot the availability of cost effective treatments and prevention strategy.

According to the World Health Organization, about 60 million European have diabetes and the prevalence of diabetes is relatively high among people over 25 years.

In Asia Pacific, the market is expected grow at a fastest rate owing to an increasing prevalence of chronic disease such as diabetes, diabetic retinopathy and obesity.

The Middle East & Africa also show a steady rise in the market owing to rise in the demand for ophthalmic products and available treatment options.